It's a good one. Problem is that it tends to ignore the fact that this is a double-edged sword, by which I mean that this system has some profound benefits. Expansion of the commercial system has many stupidities, but in doing so, we also tend to advance science and those things which, if we are careful, potentially make our lives better.
Which doesn't mean it would come without cost, but I've never been sold on the supposedly-superior alternative systems, either. Would a government system such as is put forward actually be any more accountable in an age of gerrymandering and flat-out lying about inflation rates?
Oh no. His "prescription" is just as bad as any other explicator's prescription.
Folks who explain this sort of thing, right back to Adam Smith themselves, tend to feel pressure to have a suggestion, and the suggestion's invariably lard-headed.
But the explanation is sound, and rather important for understanding the situation we're in right now.
2 comments:
It's a good one. Problem is that it tends to ignore the fact that this is a double-edged sword, by which I mean that this system has some profound benefits. Expansion of the commercial system has many stupidities, but in doing so, we also tend to advance science and those things which, if we are careful, potentially make our lives better.
Which doesn't mean it would come without cost, but I've never been sold on the supposedly-superior alternative systems, either. Would a government system such as is put forward actually be any more accountable in an age of gerrymandering and flat-out lying about inflation rates?
Oh no. His "prescription" is just as bad as any other explicator's prescription.
Folks who explain this sort of thing, right back to Adam Smith themselves, tend to feel pressure to have a suggestion, and the suggestion's invariably lard-headed.
But the explanation is sound, and rather important for understanding the situation we're in right now.
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